Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1887-03-16
approved February 18th, 1882, ard it is hoped

prevent competition upon unequal terms
! He recommends the appointment of Il commits
sion, whose duty it shall be to demonstrate 10
similar commission from the bondholders the
last facts and figures which make up the States
revenues and expenditures, and point out to them
VIII It is the available revenue after providing Tor
| the constitutional appropriations for the govern
ment schools, and other public expenditures
| such a commission should only be empowered To
| explain tine settlement of 1881 81 to the credl'
tors and point out that which addresses itself to
their interests as we'll as the interests OF the
| State.
In conclusion he has something to say in regard to
the lunatic asylum and winds up by saying i
submit to the legislative department Of the COM
mon wealth all these difficult and grave questions
with a perfect confidence that when history pre-
pares an Indictment against the governmentlt"l Will
be found that by your wise legislation ana mar
monious counsels, the ancient foundations OF our
Old Dominion have been strengthened, and
that all obstacles in the path of Virginias future
growth glory and greatness have been surmount'
ed"
Debt SettIement-Licensc Property
Tax, &c.
| ISoacial dispatch to the Alexandria GAZETTE
RICHMOND, Va, March 16.-The creditors
have made no proposition to the Governor
or to the State looking to compromise OF
the debt muddIe. The only thing squirting
that way is the telegram to Royal agreeing
to take the surplus revenue, deposit their
bonds in some trust vaults, and deliver up
the coupons semi-annually, as the surplus is
turned over. find no one to whom this
plan commends itself, because, as they say,
it leaves to outsiders to fix the expenses of
the State, and 10 no sense settles the debt.
1t would be then as unsettled as it ia now.
find fixed and steady purpose to main
! tain the Riddleberger settlement as an en-
tirety. All with whom talk believe that the
sentiment in the country is practically
unanimous in this respect, and their only fear
is that unless this settlement is accepted by
the hondholders, speedy reputation will be
the demand and the result. This feeling ispar.
tcularly strong in many of the heretofore
debt paying counties. The only conceivable
proposition from the creditors which might
Il do not say would) pass, is one to put tax
receivable coupons upon the Riddleberger
| bonds
1t is believed that tho sample merchants
resident merchants upon an equality with
non-residents. As to other licenses they
will be 50 divided up as to make the install
mants payable at any one tina too small
f)r any amount of coupons to be used.
As to the property tax the Tucker amend.
ment to the U. S. judiciary act so simplifes
the matter that the federal courts ara virtu
ally 5horn of their Jurisdiction, and those
who tender coupons will be sued in thu cir
cult court probably herel and the judgment
docketed and allowed to remain as lien.
do not think the proposed constitutional
amendment would pass ut this time what
may be the result of an interchange of
views is of course in the future The
amendment, sou remember, proposes to fix
a date, say fifteen months, in which the
creditors may fund, and prohibits funding
or payment Of bonds unfunded after that
date